Currencies Direct vs TransferGo Comparison

Currencies Direct, established in 1996, has built a reputation for providing efficient currency exchange and transfer services to both individuals and businesses, boasting a wide global reach with offices in 22 countries.

On the other hand, TransferGo, founded in 2012, has quickly risen to prominence by offering fast, affordable, and user-friendly digital money transfer solutions, focusing on the needs of migrants and expatriates sending money across Europe and beyond.

This comparison aims to highlight the key features, benefits, and differences between Currencies Direct and TransferGo, helping you decide which service best fits your money transfer needs.

Customers

Company NameCurrencies DirectTransferGo
Logo
transfergo new logo
Currencies Direct ReviewTransferGo Review
Customer rating4.9/5 (TrustPilot)4.8/5 (TrustPilot)
# Rating Customers6,500+22,500+ reviews
Top 3 Pros
  • No fixed transfer fees
  • Extensive reach
  • Professional staff
  • Fast transfers
  • Low fixed fees
  • High client approval
Top 3 Cons
  • Not suitable for remittances to Asia and South America
  • Online platform less intuitive than competitors
  • App functional but not outstanding
  • Can only send from 8 currencies
  • Free transfers slow
  • Margins not as tight as competitors

Availability

Company NameCurrencies DirectTransferGo
Logo
transfergo new logo
Office locations22 offices worldwideOffices in UK, Lithuania, Germany, Poland, Turkey
# Currencies60+ currencies20+ currencies

Security

Company NameCurrencies DirectTransferGo
Logo
transfergo new logo
Regulated byFCA, FinCEN, othersFCA, Bank of Lithuania
HTTPS SecuredYesYes
Segregated Customer AccountsYesYes
2FANoNo

Limits and Fees

Company NameCurrencies DirectTransferGo
Logo
transfergo new logo
Min transferΒ£100Not specified
Max transferNo upper limitNot specified
Fixed feesNo fixed fees€0.99-€2.99 from Eurozone
See rates before you log in?YesYes

Customer Support

Company NameCurrencies DirectTransferGo
Logo
transfergo new logo
Dedicated DealerYesNo
EmailYesYes
PhoneYesYes
Live ChatNoNo
24/7NoNo

Ways to Transfer

Company NameCurrencies DirectTransferGo
Logo
transfergo new logo
Online SystemYesYes
Online AppYesYes
Multi-Currency AccountYesNo
Cash PickupNoNo
Card Top-UpNoYes

Additional Functions

Company NameCurrencies DirectTransferGo
Logo
transfergo new logo
HedgingYesNo
Mass paymentsYesYes
Cash chequesNoNo
Multi-Currency Debit CardYesNo

Conclusion

On MoneyTransferComparison, Currencies Direct has received a higher editorial score. The advantages of Currencies Direct over TransferGo are these:

  • No fixed transfer fees, which can make a significant difference for larger transactions.
  • Extensive reach and availability, with 22 offices worldwide, offering services in over 60+ currencies.
  • Professional and courteous staff, providing dedicated dealers and personalized service for both private and business clients.

Currencies Direct is better for larger international money transfers and businesses or individuals looking for personalized service and hedging options. Their extensive range of services, including forward contracts, limit orders, and a multi-currency e-wallet, makes them a versatile choice for complex financial needs.

TransferGo is better for fast and low-cost transfers and individuals who prioritize speed and simplicity. With their offering of same-day transfers and the ability to send money from a wide range of countries to over 55 destinations, they cater well to those needing quick, straightforward transactions.